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Frontier State Bank

Show Low, AZ · Cert 24227

FDIC

Q3 2002

$94.2MAssets
$55.5MLoans
$87.2MDeposits
$6.8MEquity
Loan mix
81%RE $21.5M18%C&I $4.9M1%Consumer $0.2MQ3 2001Q3 2002
Deposit mix
72%Interest-bearing $62.6M28%Noninterest $24.6MQ3 2001Q3 2002

NIM

8.15%Q1 ’017.57%Q3 ’016.26%Q3 ’02-3%-6%

Non-interest income vs. expense

6.01%Q1 ’015.95%Q3 ’016.28%Q3 ’02-16%+28%

Executive Summary

  • Earnings: ROA of -0.17%, down 21 bps year over year; NIM at 4.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.68%.
  • Funding: loans stand at 63.66% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.17%-21 bps YoY

Net Interest Margin (YTD, annualized)

4.80%-32 bps YoY

Efficiency Ratio (YTD, annualized)

104.29%+2,084 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.04%-0.58%-0.28%-0.24%-0.17%-21 bps
Return on Equityn/an/a-4.10%-3.36%-2.45%n/a
Net Interest Margin5.12%5.15%4.80%4.94%4.80%-32 bps
Efficiency Ratio83.45%90.86%102.76%102.55%104.29%+2,084 bps
Non-Interest Burden3.94%4.50%4.96%5.10%5.06%+112 bps
Growth
Asset Growth (YoY)-2.29%-2.51%-1.07%-6.37%-8.65%-636 bps
Loan Growth (YoY)-15.42%-14.54%-14.03%-14.86%-18.50%-308 bps
Deposit Growth (YoY)-2.81%-2.27%-0.23%-6.38%-8.07%-525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.96%3.04%2.87%1.68%+126 bps
Allowance / Loans2.35%2.54%1.83%1.56%2.19%-15 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.45%11.12%11.00%11.75%12.63%+118 bps
Equity / Assets7.48%7.07%6.80%7.29%7.19%-28 bps
Liquidity & Funding
Loans / Deposits71.81%73.59%70.40%71.73%63.66%-815 bps
Liquid Assets / Assets0.00%0.00%0.10%0.11%0.11%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a